https://www.sec.gov/Archives/edgar/data/902259/000174177321000031/c497.htm497 1 c497.htm
T. Rowe Price Funds
Supplement to the following Prospectuses, each as dated below (as supplemented):
May 1, 2020
T. Rowe Price Blue Chip Growth Portfolio
December 15, 2020
T. Rowe Price Blue Chip Growth Fund
In section 1, the portfolio manager table under “Management” is supplemented as follows:
Effective October 1, 2021, Larry J. Puglia will step down as a portfolio manager and Chair of the fund’s Investment Advisory Committee. Paul D. Greene II will succeed Mr. Puglia to become portfolio manager of the fund and Chair of the fund’s Investment Advisory Committee. Mr. Greene joined T. Rowe Price in 2006.
In section 2, the disclosure under “Portfolio Management” is supplemented as follows:
Effective October 1, 2021, Larry J. Puglia will step down as a portfolio manager and Chair of the fund’s Investment Advisory Committee. Paul D. Greene II will succeed Mr. Puglia to become portfolio manager of the fund and Chair of the fund’s Investment Advisory Committee.
During the past five years, Mr. Greene has served as a portfolio manager for other
T. Rowe Price Funds and has assisted the portfolio manager in managing the fund since January 1, 2020 as an associate portfolio manager. He joined the Firm in 2006 and his investment experience dates from that time.
The date of this supplement is January 26, 2021.
G24-041 1/26/21
Comments
https://www.sec.gov/Archives/edgar/data/1795351/000174177321000034/c497.htm
497 1 c497.htm
T. Rowe Price Blue Chip Growth ETF
Supplement to Prospectus Dated June 23, 2020
In section 1, the portfolio manager table under “Management” is supplemented as follows:
Effective October 1, 2021, Larry J. Puglia will step down as a portfolio manager and Chair of the fund’s Investment Advisory Committee. Paul D. Greene II will succeed Mr. Puglia to become portfolio manager of the fund and Chair of the fund’s Investment Advisory Committee. Mr. Greene joined T. Rowe Price in 2006.
In section 2, the disclosure under “Portfolio Management” is supplemented as follows:
Effective October 1, 2021, Larry J. Puglia will step down as a portfolio manager and Chair of the fund’s Investment Advisory Committee. Paul D. Greene II will succeed Mr. Puglia to become portfolio manager of the fund and Chair of the fund’s Investment Advisory Committee.
During the past five years, Mr. Greene has served as a portfolio manager for other
T. Rowe Price Funds and has assisted the portfolio manager in managing the fund since inception as an associate portfolio manager. He joined the Firm in 2006 and his investment experience dates from that time.
The date of this supplement is January 26, 2021.
ETF785-041 1/26/21
Important: T. Rowe Price Blue Chip Growth Fund and T. Rowe Price Blue Chip Growth ETF Portfolio Management Updates
We are writing to inform you that Larry Puglia portfolio manager of the US Large-Cap Core Growth Equity Strategy, including the T. Rowe Price Blue Chip Growth Fund, T. Rowe Price Blue Chip Growth Portfolio, and T. Rowe Price Blue Chip Growth ETF, intends to retire from portfolio management at the end of 2021. Effective October 1, 2021, Paul Greene, currently the associate portfolio manager of the US Large-Cap Core Growth Equity Strategy, will succeed Larry.
For the past 30 years, Larry has worked in the U.S. Equity Division at T. Rowe Price. He began his career as an analyst covering the financial services sector. He also ran the Financial Services Equity Strategy before incepting the US Large-Cap Core Growth Equity Strategy in 1993.
We are pleased that Paul has accepted this new role. This is a natural next step for Paul, who has 14 years of investment experience, all with T. Rowe Price. He has worked closely with Larry for years, and he is very familiar with the strategy’s investment approach and all of the holdings and sectors in the T. Rowe Price Blue Chip Growth Fund, T. Rowe Price Blue Chip Growth Portfolio, and T. Rowe Price Blue Chip Growth ETF. He has also been a member of the strategy’s Investment Advisory Committee since 2010.
Like Larry, Paul began his career at the firm as an analyst. Paul also took on portfolio management responsibilities, leading the Communications and Technology Equity Strategy for nearly seven years as well as serving as sector leader of our media/telecommunications team.
Thank you for the confidence that you have placed in T. Rowe Price.
Please click here to download a prospectus for the T. Rowe Price Blue Chip Growth Fund and T. Rowe Price Blue Chip Growth ETF.
All funds are subject to market risk, including the potential loss of principal.
This communication does not undertake to give investment advice in a fiduciary capacity. T. Rowe Price Associates, Inc., and/or its affiliates receive revenue from T. Rowe Price investment products and services.
T. Rowe Price Investment Services, Inc.
From Morningstar:
https://www.morningstar.com/articles/1019030/t-rowe-price-blue-chip-growths-manager-to-retire